Madhya Pradesh Tenders For 25 MW Rooftop Solar Projects under RESCO Model

The last date for online bid submission is May 10, 2019, and the last date for bid submission (hard copies) is May 15, 2019.

Madhya Pradesh Rooftop Solar

The Madhya Pradesh Urja Vikas Nigam Ltd. (MPUVNL) has invited Request for Proposal (RfP) for the selection of bidders for the implementation of 25 MW grid-connected rooftop solar PV systems under RESCO model for the Industries located in industrial areas of Mandideep, Pilukhedi, and other nearby large scale Industries of Madhya Pradesh.

The brief scope of work for the selected bidders will include the Design, Engineering, Supply, Installation, Testing and Commissioning of the 25 MW rooftop solar plants under RESCO Model. The project developers will also be responsible for providing comprehensive operation and maintenance of the plants for a period of 25 years.

The last date for online bid submission is May 10, 2019, and the last date for bid submission (hard copies) is May 15, 2019. The technical bids will be opened on May 15, 2019, and the financial bids will be opened on May 20, 2019.

The bidders will be ineligible to bid on the tender if they have not performed satisfactorily in the word order(s) of the nodal agency, leading to cancellation of the work order(s) of value more than or equal to 25 percent of the cumulative value of the awarded order in last five (5) Years.

Financially, the bidder should have a minimum net worth of Rs 1 crore per MW for the FY 2017-18. The bidders must pay a Bid Security amount of Rs 12 lakhs along with their bids.

The project is being implemented jointly with Madhya Pradesh Industrial Development Corporation (MPIDC), which has also provided land on lease to the industries, MPUVNL said. 

It further said that “MPIDC will be a co-signatory to the Power Purchase Agreement (PPA) and is offering payment assurance for the developer, and there is no subsidy in the project”. 

However, the World Bank (WB) through State Bank of India (SBI) and Asian Development Bank (ADB) through Punjab National Bank (PNB) are providing concessional loan to successful bidders under the project, MPUVNL said, adding that concessional funding from Indian Renewable Energy Development Agency (IREDA) is also available. 

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Ayush Verma

Ayush Verma

Ayush is a staff writer at saurenergy.com and writes on renewable energy with a special focus on solar and wind. Prior to this, as an engineering graduate trying to find his niche in the energy journalism segment, he worked as a correspondent for iamrenew.com.

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